Verizon Could Shed 1,000 Jobs From Its Oath Digital Media Unit

Verizon Communications (VZ) - Get Report could shed up to 1,000 jobs from its Oath digital media unit after closing the $4.48 billion purchase of Yahoo! (YHOO) , according to reports.

Oath will include Yahoo! and its properties, AOL, Huffington Post and other brands.

Verizon and AOL didn't comment specifically on potential layoffs on Wednesday, but acknowledged that changes will come.

"With access to over 1 [billion] consumers upon close, we will be positioned to drive one of the most important platforms in the consumer brand space," an AOL spokesperson said. "Consistent with what we have said since the deal was announced, we will be aligning our global organization to the strategy."

Shareholders of Yahoo! vote on the Verizon transaction Thursday at a special meeting in Santa Clara, Calif.

This article was written by a staff member of TheStreet.